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Dogecoin Rival Shiba Inu Starts Trading on Binance.US

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Wed, 15/09/2021 - 15:12
Dogecoin Rival Shiba Inu Starts Trading on Binance.US
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Shiba Inu, the second-largest canine cryptocurrency by market cap, has started trading on Binance.US, the American subsidiary of the world's biggest crypto trading platform.

Earlier this month, the most successful Dogecoin rip-off was also listed on Coinbase Pro, which resulted in an impressive 30% price spike.

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SHIB is currently changing hands at $0.000006786.

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In May, Binance listed the Ethereum-based cryptocurrency in its innovation zone that is tailored to high-risk traders. The rival FTX exchange added support for the token around the same time.

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Shiba Inu's market cap peaked at $13.83 billion on May 10, and it is currently sitting some 80% below that mark.

Binance remains the key market for Shiba Inu, with the SHIB/USDT trading pair alone accounting for nearly 20% of the cryptocurrency's total trading volume.

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The Dogecoin copycat is also available for trading on Huobi, Poloniex and some other exchanges.

The obscure cryptocurrency gained wide publicly because of its huge gains and Ethereum co-founder Vitalik Buterin burning a staggering $6 billion worth of SHIB tokens after donating $1 billion to charity.

Despite the fact that the Shiba Inu rally ended up being just a flash in the pan, recent listings on some of the world's largest exchanges indicate that the meme coin is not going away (at least for now).

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